Press release
Global Bolts Market Projected to Surpass $62.91 Billion by 2029 with 6% Annual Growth
Bolts Market
The increase in construction activities is expected to drive the growth of the bolts market. This encompasses a broad scope of operations and procedures that need resources and time to build buildings, structures, and infrastructure. Various types of construction bolts, such as structural bolts and anchor bolts, are widely used in different construction tasks, like securing beams to columns or walls, attaching joists to ledgers, fastening deck boards, and creating secure foundations for bridges or constructions. For example, data published by the United States Census Bureau in March 2023 revealed that the total construction spending in the United States stood at $1.54 trillion in November 2020 and increased to $1.84 trillion in November 2022, indicating a growth of 16.3%. Moreover, in September 2024, according to Trading Economics, which is a comprehensive platform delivering extensive economic data and analysis for over 196 countries, there was a surge in housing starts in the United States to 1,356 thousand units in August 2024, up from 1,237 thousand units in July. They are also projected to reach 1,470 thousand units by the end of the current quarter. As such, this surge in construction activities will fuel the growth of the bolts market.
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How will the growth rate of the bolts market shape industry trends by 2034?
The market for bolts has seen consistent growth in the past few years. The market valued at $48.03 billion in 2024 is expected to expand to $50.12 billion in 2025, with a compound annual growth rate (CAGR) of 4.4%. Factors such as development in construction and infrastructure, manufacturing and industrial expansion, growth in automotive production, oil and gas exploration and production, and infrastructure repair and maintenance have contributed to the increase during the historical period.
The market size for bolts is anticipated to observe a robust increase in the coming years, growing to $62.91 billion by 2029 with a compound annual growth rate (CAGR) of 5.8%. The expected growth during this forecast period is due to international urbanization patterns, renewable energy initiatives, electric vehicle (EV) production, infrastructure resilience and improvements, as well as enlargement of aerospace and defence activities. Key trends anticipated during this forecast period are the integration of industry 4.0 in manufacturing, rise in environmentally friendly bolting methods, an enhanced focus on bolt testing and certification, and the globalization and resilience of the supply chain.
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What trends are poised to drive the future success of the bolts market?
The key trends emerging in the bolts market are driven by technological advancements. To maintain their market position, companies in the bolt market are introducing innovative products. For instance, in April 2023, Lindapter International, a construction firm based in the UK, introduced a new product called the Hollo-Bolt plug-in tool. This tool is designed to facilitate the easy installation of Hollo-Bolt fasteners, particularly in structural applications that only allow one-sided access. The tool ensures a robust connection without requiring welding or additional parts, as it allows users to efficiently secure Hollo-Bolts. It also increases the speed and convenience of installation, making it perfectly suited for large-scale construction projects and high-stress environments.
Which primary segments of the bolts market are driving growth and industry transformations?
The bolts market covered in this report is segmented -
1) By Type: Half Screw Bolt, Full Screw Bolt
2) By Material: Metal, Plastic, Other Materials
3) By Grade: Grade 5.8, Grade 8.8, Grade 10.9, Grade 12.9, Other Grades
4) By End-User: Automotive, Aerospace, Construction, Industry Machinery, Other End-Users
Subsegments:
1) By Half Screw Bolt: Hex Half Screw Bolts, Socket Half Screw Bolts, Other Half Screw Bolt Variants
2) By Full Screw Bolt: Hex Full Screw Bolts, Socket Full Screw Bolts, Other Full Screw Bolt Variants
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Which geographical regions are pioneering growth in the bolts market?
Asia-Pacific was the largest region in the bolts market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bolts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the bolts market landscape?
Major companies operating in the bolts market include Nippon Steel, Arconic Corporation, KAMAX Holding GmbH & Co. KG., Acument Intellectual Properties LLC, Keller & Kalmbach GmbH, Reyher Nchfg. GmbH & Co. KG., Fabory Group, Fastenal Company, US Bolt Manufacturing Inc., Easylink Industrial Co. Ltd., Brunner Manufacturing Co. Inc., Elgin Fastener Group LLC, Dokka Fasteners AS, Fastco Industries Inc., Rockford Fastener Inc., Big Bolt Nut, Leland Industries Inc., Jignesh Steel, Hague Fasteners, Kpf Co.Ltd., B&G Manufacturing Co. Inc., Hanger Bolt & Stud Co., BTM Manufacturing, Chicago Nut & Bolt Inc., National Bolt & Nut Corporation, AB Steel Inc., KD Fasteners Inc., Würth Industrie Service GmbH & Co. KG., Ifastgroupe
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What Is Covered In The Bolts Global Market Report?
• Market Size Forecast: Examine the bolts market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the bolts market for a structured understanding.
• Key Players Overview: Analyze major players in the bolts market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the bolts market.
• Segment Contributions: Evaluate how different segments drive overall growth in the bolts market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the bolts market.
• Industry Challenges: Identify potential risks and obstacles affecting the bolts market.
• Competitive Landscape: Review strategic developments in the bolts market, including expansions, agreements, and new product launches.
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